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  Redwood Capital Bank Redwood Checking Account

Redwood Capital Bank Redwood Checking Account

in Checking Accounts from Redwood Capital Bank · fdic

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Redwood Capital Bank Redwood Checking Account

Unaffiliated

in Checking Accounts from Redwood Capital Bank · Member FDIC

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Highlights
Monthly Fee N/A
ATM Fee: Out-of-Network N/A
Minimum Balance to Avoid Monthly Fee Starting at $500
APY (Annual Percentage Yield) N/A

Redwood Capital Bank Redwood Checking Account Review

Redwood Capital Bank Redwood Checking Account is offered by Redwood Capital Bank, a bank founded in 2003 and based in Eureka, CA. Redwood Capital Bank Redwood Checking Account is available in 1 state across the USA.

Key Takeaways
  • $100 minimum deposit. This is a typical minimum initial deposit, but there are accounts that require a smaller initial deposit or have no minimum.
  • Bill pay. Pay your bills to practically anyone in the United States through Redwood Capital Bank.
Redwood Capital Bank Redwood Checking Account Pros & Cons
Pros Cons
  • Access to physical branches.
  • No charge on incoming domestic or international wire transfers.
  • No signup bonus.
  • Does not earn interest.
  • Does not offer mobile check deposits.
  • Does not provide access to a nationwide ATM network.
  • Does not come with a debit card
  • Only available in one state.
Redwood Capital Bank Redwood Checking Account FAQ

Are checking accounts from Redwood Capital Bank federally insured?

Yes, your Redwood Capital Bank checking accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC #57610). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

What APY does Redwood Capital Bank Redwood Checking Account offer?

Redwood Capital Bank does not provide interest rate information until a customer applies for a new account.

What are the account minimums for Redwood Capital Bank Redwood Checking Account?

Redwood Capital Bank Redwood Checking Account requires a minimum initial deposit of $100 to open an account.

Redwood Capital Bank Redwood Checking Account Minimums
Description
Minimum Opening Deposit Starting at $100
Minimum Balance to Avoid Monthly Fee Starting at $500

What fees does Redwood Capital Bank Redwood Checking Account charge?

Redwood Capital Bank Redwood Checking Account Fees
Description
ATM Fee: In-Network $0
Foreign Transaction Fee (Debit Card) 2%
NSF Fee $25
Online Bill Pay Fee $0
Overdraft Item Fee $25
Paper Statement Fee $2

Does Redwood Capital Bank Redwood Checking Account charge overdraft fees?

Yes, Redwood Capital Bank Redwood Checking Account charges a $25 fee for every overdraft.

What features and perks does Redwood Capital Bank Redwood Checking Account offer?

This account includes the following features:

  • Fraud monitoring - Redwood Capital Bank Redwood Checking Account monitors transactions for potentially unauthorized activity, such as when a debit card is unexpectedly used in a different location or you make a sudden string of costly purchases.
  • Online Bill Pay - Online Bill Pay allows you to pay bills easily from your account.
  • Mobile Banking Services - Redwood Capital Bank Redwood Checking Account allows you to manage your money online or with a mobile app.

What is the customer support email for Redwood Capital Bank Redwood Checking Account?

The customer support email for Redwood Capital Bank Redwood Checking Account is inquiries@redwoodcapitalbank.com.

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Message From Redwood Capital Bank Redwood Checking Account

With easy, stress-free access to your money, Redwood Capital Bank offers many options to assist you in meeting your personal checking needs. We offer a full range of products and services to choose from.  Whether you are looking for an account that earns interest or an account with a low monthly service charge, we have a checking account that is perfect for you.

Redwood Checking --- Redwood Capital Bank’s basic checking account. Features: Free debit card, Unlimited check writing, No RCB foreign ATM fees at MoneyPass and SUM locations. Other ATM Network owners may assess a usage fee. Free Online Banking, Free Bill Pay, FDIC insured.

Availability

  Available in 1 state
California
Availabile in all of California

Feature Breakdown

Minimum Opening Deposit Starting at $100
Minimum Balance to Avoid Monthly Fee Starting at $500
ATM Fee: In-Network $0
Online Bill Pay Fee $0
Foreign Transaction Fee (Debit Card) 2%
NSF Fee $25
Overdraft Item Fee $25
Paper Statement Fee $2
Account Features
  • Free Bill Pay
  • Interest Bearing Account
  • Mobile Banking
  • Fraud Monitoring
  • Fraud Protection
  • Branch Access
  • Member FDIC
  • Check Writing

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